Penthouse Income Property with
For Sale
$720,000
Pending
1301 N COURTHOUSE ROAD Unit 1803, Arlington, VA 22201
Two-level condo residence offers skyline views, garage parking, and flexible loft space near Metro and Arlington amenities.
Property Size1,518 SF
Days on Market171
Property Features for 1301 N COURTHOUSE ROAD Unit 1803
General Information
Standard status
Pending
Size
1,518 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,704
Amenities
private balcony
Building Details
Building Size
1,518 SF
Year Built
1983
Listing Agency:
Realty ONE Group Capital
Listed By:
John J Akhavan · License #0225200870
(703) 522-6444
Source:
Kerishull
Added: Apr 20
Changed: Oct 3
Last Checked: Oct 6 at 12:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group Capital
Investment Insights
Based on property information with market context.
Penthouse Unit 1803 is a two-level residential income property with 1,518 square feet of interior space, two bedrooms, and 2.5 bathrooms. The main level provides an open living arrangement with extensive glass and natural light, while the upper loft adds adaptable space for an office, media area, guest use, studio, or retreat. A private balcony extends the living area outdoors, and garage parking is included.
Completed in 1983, the residence overlooks Washington, DC, with views that include the U.S. Capitol, Washington Monument, and Jefferson Memorial. The property is located at 1301 N Courthouse Road in Arlington, near Metro service, restaurants, cafes, grocery options, the Arlington Farmers Market, and the Rosslyn-Ballston corridor. Access to DC, the Pentagon, National Landing, Amazon HQ2, Tysons, and Reagan National Airport is available by Metro, car, or rideshare.
Completed in 1983, the residence overlooks Washington, DC, with views that include the U.S. Capitol, Washington Monument, and Jefferson Memorial. The property is located at 1301 N Courthouse Road in Arlington, near Metro service, restaurants, cafes, grocery options, the Arlington Farmers Market, and the Rosslyn-Ballston corridor. Access to DC, the Pentagon, National Landing, Amazon HQ2, Tysons, and Reagan National Airport is available by Metro, car, or rideshare.
Key Highlights
- Two‑level penthouse condo with 1,518 SF of interior space
- Two bedrooms and 2.5 bathrooms
- Private balcony with Washington, DC skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,843
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,860
$456.9K
Cap Rate 7%
$326,329
$326.3K
Cap Rate 9%
$253,811
$253.8K
Market Conditions
NOI Build-Up for 1,518 SF
Gross rent
$43.7K $28.80/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$41.5K $27.36/SF
− OpEx
−$18.7K −$12.31/SF
NOI
$22.8K $15.05/SF
Area
Arlington, VA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,860
Cap Rate 7%
$326,329
Cap Rate 9%
$253,811
Alternative Uses
Best Use
Apartment 5plus
$326.3K
$285.5K – $380.7K
NOI $22,843 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$843.1K
$737.8K – $983.7K
NOI $59,020 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 22201, VA
39,331
Population
21,787
Households
1.8
Avg Household Size
32
Median Age
86%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
17,100
Density / Sq Mi
$141,736
Median Household Income
$89,508
Median Earnings
$2,468
Median Rent
$760,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condo residence offers skyline views, garage parking, and flexible loft space near Metro and Arlington amenities.
Where is this residential income property located?
The property is located at 1301 N COURTHOUSE ROAD Unit 1803 Arlington, VA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑level penthouse condo with 1,518 SF of interior space; Two bedrooms and 2.5 bathrooms; Private balcony with Washington, DC skyline views
